Jun 21, 2013 4:00am PDT
about the economy. last month, employers added 175,000 new jobs, with unemployment expected to fall below 7% next year. existing home sales are also picking up, posting their best month in 3 1/2 years. but recovery from recession, means the federal reserve could pull back on its stimulus program, which has pumped billions into the system to help drive growth. >> our economy is getting better. and now, it's time to see how we can do it on our own. >> reporter: the potential shift by the fed has shaken some investors, who fear the economy is not as strong as it seems. some worry that record-low interest rates could disappear. already mortgage rates have climbed above 4% for the first time in a year. market watchers say the volatile week is a sign of coming to terms with the new reality. >> once we get through that period, i think we're going to realize that we're going to be okay and things are going to get back to normal. >> reporter: financial advisers say the best advice for average investors is not to panic, to stick it out. they know overall the dow is still up more than 10% this
Jun 18, 2013 4:00am PDT
the fed will cut back on some of the incentives that have helped stimulate the economy. last month chairman ben bernanke said that the fed might start dialing back on bond buying. investors will be hoping to hear when this might happen and what effect it could have on rates. >>> major airlines have improved their customer satisfaction ratings for the second year in a row. and just like last year, jetblue came out on top followed by southwest. even with the improvements, though, airlines still are low rated when compared to other industries. air carriers are at the bottom along with cable tv and internet providers. >>> we're expecting to learn more today about why chrysler is refusing to recall nearly 3 million jeeps over safety concerns. until now the company provided only a three-page paper explaining the refusal but today is the deadline fora more comprehensive response. government experts claim the rear mounted fuel tanks on the suvs can cause deadly fires in a collision. >>> and ford is going back to the basics, at least when it comes to the car radio. after years of complaint,
Jun 19, 2013 4:00am PDT
qaeda plat to stop the u.s. economy. a plot on the new york stock exchange. >> these tools have helped us. >> reporter: the fbi said that intercepted e-mail from an al qaeda leader in yemen led to this man and two other americans. they were in the initial stages of planning their attack, seven years after 9/11. >> the fbi disrupted and arrested these individuals. >> reporter: the newly-declassifieied case is 1 50 terror plots that the fbi says could not be disrupted bout the nsa spying programs. the director defended the program against criticism that they violate americans' privacy. >> i would rather be here today debating this point, than try to explain how we failed to prevent another 9/11. >> reporter: civil liberties groups say the government has gone too far and many of the still classified plots could likely have been caught another way. >> the question is not simply whether plots were disrupted. but whether to disrupt those plots we need to engage in dragnet surveillance. >> reporter: top lawmakers disagree. >> the reason we have that is to find a needle in a haystack. you can'
Jun 20, 2013 4:00am PDT
. the program has kept interest rates at record lows. but bernanke says the economy is clearly on the mend. mortgage and car loan rates are expected to rise as a result. >>> and the fed's plan rattled investors. and stocked plunged on the news. all fell on how smoothly those interest rates will rise. >>> best buy is bringing back the popular iphone trade-in deal. beginning tomorrow, until next saturday, you can turn in an iphone 4 and 4s and get an iphone 5. >>> men's warehouse has fired its founder, george zimmer, as the man who promised you'll like the way you look. he turned one texas store into a chain of more than 1,100. he stepped down as ceo in 2011 but remained executive chairman until yesterday. in a statement, zimmer said only the he and the board of directors disagreed about the company's direction. >>> and more on the death of james gandolfini. television is paying tribute to what his most famous character did for the media. "the sopranos" led the way to a new era of well-written tv shows, featuring complex characters, and rich, dramatic plots. the six seasons brought big money